Three-Home Residential Income
997 E 16th Street Chico, CA 95928
For Sale
$989,000
Triplex with three separate homes generating scheduled annual income and potential for additional ADUs or lot split options.
Days on Market65
Property Features for 997 E 16th Street
General Information
- Standard status
- Active
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1962
Listing Agency:
Capital Rivers Commercial
(530) 896-9340
Listed By:
Matt Depa CCIM · License #01861484
Source:
Commercialcafe
Added: May 22
Changed: Jul 23
Last Checked: Jul 24 at 4:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capital Rivers Commercial
Investment Insights
Based on property information with market context.
This residential income property consists of three separate homes on one site, providing immediate usability for rental income. The current setup supports flexibility for buyers seeking both current returns and future value through improvements. Current financials show scheduled annual income of approximately ±$93,600.
Located in Chico’s established residential area, the property offers convenient access to shopping, public transportation, and major city corridors. Neighborhood accessibility is further supported by proximity to Sierra Nevada Brewing Co. and surrounding destinations.
Additionally, buyers may explore opportunities for additional ADUs and possible lot split options, subject to verification with city and county planning departments.
Located in Chico’s established residential area, the property offers convenient access to shopping, public transportation, and major city corridors. Neighborhood accessibility is further supported by proximity to Sierra Nevada Brewing Co. and surrounding destinations.
Additionally, buyers may explore opportunities for additional ADUs and possible lot split options, subject to verification with city and county planning departments.
Key Highlights
- Triplex on E 16th St (997 E 16th St, Chico) built in 1962 with three separate homes
- Includes existing income producing units and scheduled annual income of ±$93,600
- Immediate usability for rental income, multigenerational living, or phased investment strategies
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex with three separate homes generating scheduled annual income and potential for additional ADUs or lot split options.
Where is this triplex located?
The property is located at 997 E 16th Street Chico, CA.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Triplex on E 16th St (997 E 16th St, Chico) built in 1962 with three separate homes; Includes existing income producing units and scheduled annual income of ±$93,600; Immediate usability for rental income, multigenerational living, or phased investment strategies
